Warner Music Group Corp (NASDAQ: WMG) is -14.14% lower on its value in year-to-date trading and has touched a low of $27.06 and a high of $38.05 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WMG stock was last observed hovering at around $31.27 in the last trading session, with the day’s loss setting it -0.54%.
Currently trading at $30.73, the stock is -4.15% and -4.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing -1.73% at the moment leaves the stock -2.09% off its SMA200. WMG registered -12.52% loss for a year compared to 6-month gain of 2.33%. The firm has a 50-day simple moving average (SMA 50) of $32.2148 and a 200-day simple moving average (SMA200) of $31.40915.
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The stock witnessed a -6.68% loss in the last 1 month and extending the period to 3 months gives it a 0.95%, and is -6.14% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.97% over the week and 3.00% over the month.
Warner Music Group Corp (WMG) has around 5800 employees, a market worth around $15.92B and $6.43B in sales. Current P/E ratio is 37.06 and Fwd P/E is 18.79. Profit margin for the company is 6.68%. Distance from 52-week low is 13.56% and -19.24% from its 52-week high. The company has generated returns on investments over the last 12 months (9.01%).
with sales reaching $1.69B over the same period.The EPS is expected to grow by 3.96% this year, but quarterly earnings will post 2.74% year-over-year. Quarterly sales are estimated to shrink -3.34% in year-over-year returns.
357.0 institutions hold shares in Warner Music Group Corp (WMG), with institutional investors hold 116.62% of the company’s shares. The shares outstanding are 142.56M, and float is at 134.40M with Short Float at 5.82%. Institutions hold 109.16% of the Float.
The top institutional shareholder in the company is CAPITAL WORLD INVESTORS with over 13.27 million shares valued at $406.86 million. The investor’s holdings represent 2.5634 of the WMG Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 13.19 million shares valued at $404.38 million to account for 2.5478 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 10.98 million shares representing 2.1207 and valued at over $336.59 million, while FMR LLC holds 1.9045 of the shares totaling 9.86 million with a market value of $302.29 million.
Warner Music Group Corp (WMG) Insider Activity
Still, SEC filings show that on Dec 09 ’24, MAX GEORGE LOUSADA (Affiliate) Proposed Sale 25,000 shares at an average price of $32.35 for $0.81 million. The insider now directly holds shares of Warner Music Group Corp (WMG).
